Futu Holdings Announces Q2 2023 Results, Accelerating Global Expansion and Fueling Growth in Fund AUM

Futu Holdings Limited (Nasdaq: Futu) ("Futu" or the "Company"), a leading tech-driven digitalized brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023 (the "Period").

In the second quarter, Futu's total revenues reached HK$2484.9 million (US$317.1 million), up 42.3% YoY; its non-GAAP net income reached HK$1193.4 million (US$152.3 million), up73.3% YoY. In terms of business segmentation, its brokerage commission and handling charge income totaled HK$952.6 million (US$121.6 million); interest income hit HK$1405.7 million (US$179.4 million); other income (including income from wealth management and corporate services businesses) amounted to HK$126.6 million (US$16.2 million).
By the end of the second quarter, Futubull and moomoo's users grew 10.1% YoY to 20.53 million; registered clients rose 12.4% YoY to 3.4 million; paying clients increased 14.3% YoY to 1.59 million, with nearly 58,000 newly onboarded in the quarter. As of quarter end, client assets reached US$59.5 billion (HK$466.2 billion). The client retention rate remained high at around 98%.